Thinking of investing in real estate?
Important information you must know before 1 July 2017.
Recently the government has made some changes to Victorian stamp duty effective 1 July. You may have heard the incentives for First Home Buyers in the media, but majority of the public don’t understand how these changes affect investors.
Investors who enter into a contract after 1 July will be required to pay full stamp duty on the full purchase price for off the plan property purchases.
Therefore if you have been thinking of purchasing a new investment, you must act now to benefit from the current stamp duty reductions!
WHY?
If you act now and enter into a contract to purchase prior to 1 July 2017, you will be approximately $15,000- $25,000 in front.
After 1 July, there will be a surge of First Home Buyers entering into the market as they will have stamp duty exemption. As a result, increased buyer demand will force prices to rise!
Therefore if you are planning to buy your first off the plan investment property or if you are looking to grow your property portfolio, you must act before 1 July 2017.
This is an opportune time:
- Interest rates are at an all-time low.
- Rental return and rental demand are both increasing.
- Extremely low vacancy rates.
Leave your details in the link below,to receive a call back from one of our client managers.
* Stamp Duty figures shown are estimates only and are to be treated as a guideline. Please consult the State Revenue Office for exact Stamp Duty amounts required to be paid before and after 1 July 2017.